Key people involved in a business are:
Employees: They want fair pay and job safety. If they feel unappreciated, it can lower their happiness and work quality.
Customers: They expect great products and good service. If they are unhappy, it can lead to fewer sales and bad reviews.
Suppliers: Businesses depend on them for materials. If there are problems with getting supplies, it can cause big issues.
Shareholders: They want the business to make money. But focusing too much on quick profits can hurt the business in the long run.
Community: How the public feels can affect the business’s image. If people think a company is doing bad things, it can hurt their reputation.
To handle these challenges, businesses can:
Key people involved in a business are:
Employees: They want fair pay and job safety. If they feel unappreciated, it can lower their happiness and work quality.
Customers: They expect great products and good service. If they are unhappy, it can lead to fewer sales and bad reviews.
Suppliers: Businesses depend on them for materials. If there are problems with getting supplies, it can cause big issues.
Shareholders: They want the business to make money. But focusing too much on quick profits can hurt the business in the long run.
Community: How the public feels can affect the business’s image. If people think a company is doing bad things, it can hurt their reputation.
To handle these challenges, businesses can: